Accelerated Wealth Partners Makes First Investment in $1.6B Houston RIA

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Accelerated Wealth Partners, a New York-based concern firm, has made its archetypal concern with a number involvement successful RIA Advisors, a Houston-based wealthiness absorption steadfast with $1.6 cardinal successful assets nether management.

RIA Advisors was founded successful 2009 by CEO Connie Mack. The steadfast besides includes Chief Investment Strategist Lance Roberts, Director of Financial Planning Richard Rosso and Senior Financial Advisor Danny Ratliff. All 4 are partners successful the firm, which AWP CEO and laminitis Eric Amar said was a gully successful making the determination to invest.

“We similar that, due to the fact that they larn however to enactment with a partner, they larn however to marque country for idiosyncratic else’s opinion, and they larn however to enactment each other,” helium said. “When I travel into this narration arsenic a ‘fifth partner,’ it makes it much earthy to hold connected things, disagree connected things, person this dialog and travel to the close answer, versus the solo owner.”

The woody comes soon aft AWP announced it had received a $200 cardinal committedness from backstage concern steadfast J.C. Flowers & Co. Amar said that, arsenic the squad considered its archetypal investment, RIA Advisors roseate to the apical partially due to the fact that of the beardown integrated maturation motor it had cultivated implicit the years. That includes blogs, podcasts and videos specified arsenic The Real Investment Show by Roberts. 

“A batch of radical are trying to found a marque and trying to found credibility, and they had done this for decades and were precise bully astatine it, truthful that was charismatic for us,” Amar said.

Amar founded AWP aft spending much than 9 years astatine Focus Financial Partners, wherever helium astir precocious served arsenic main maturation officer, overseeing implicit 60 wealthiness and advisory transactions. His squad besides includes Jonathan Fass, vice president, finance, besides a Focus alumnus who has led and supported fiscal owed diligence, valuation investigation and acquisition integration efforts.

With the superior raise, RIA Advisors volition look to grow successful size and besides into adjacent wealthiness services, specified arsenic tax, spot and property services, to make a “family bureau experience.” 

“By partnering with Eric Amar and AWP, we summation the resources to grow our footprint crossed Texas and heighten our specialized services without compromising our boutique work levels,” Mack said successful a statement.

Amar said helium sees M&A arsenic 1 “elegant” way to adding standard and capabilities, and his squad volition enactment with RIA Advisors successful that area. But they volition besides measurement successful connected fine-tuning the integrated maturation engine, arsenic good arsenic wide champion practices and steadfast operations.